Our Statement on MoneyGram’s Temporary Suspension of On-Demand Liquidity Activities

We signed a multi-year contract in 2019 with MoneyGram, which is still in place and is not limited to their use of ODL. Together we are actively leveraging and exploring alternative use cases.

We look forward to finding a path forward with MoneyGram and have confidence that there will be more regulatory clarity in the U.S. for the use of digital assets and blockchain technology at the end of this lawsuit – both of which MoneyGram has commented on publicly in the past about the benefits they have witnessed firsthand for their business. 

As we’ve said before, the lawsuit against Ripple has needlessly muddied the waters and introduced more uncertainty in the market for exchanges, market makers, traders and businesses who want to employ this technology. As a result, some U.S. market participants are reacting conservatively.

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